Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • Essar to complete Essar Oil stake sale to Rosneft and Trafigura-UCP consortium
    édité le 26/06/2017 - Plus de news de "Essar" - Voir la fiche entreprise de "Essar"


Essar to complete Essar Oil stake sale to Rosneft and Trafigura-UCP consortium
Essar will soon be completing the Rs 86,000 crore sale of Essar Oil's stake to Rosneft and the investment consortium led by Trafigura and UCP. Mr Igor Sechin, the CEO of Rosneft, had also announced at the company’s AGM yesterday that the transaction can now be “considered as closed”. This paves the way for the culmination of the landmark deal, which is the largest FDI in India.

Signed on 15 October 2016, the sale transaction was announced in the august presence of Mr Narendra Modi, Honourable Prime Minister of India, and Mr Vladimir Putin, Honourable President of the Russian Federation, at the BRICS Summit in Goa (India).

The all-cash deal encompasses Essar Oil’s 20 million tonne refinery at Vadinar in Gujarat, and its pan-India network of over 3,500 retail outlets. The world-class refinery, which accounts for 9% of India’s total refining output, is supported by a 1,010 MW captive power plant, and a 58 million tonne deep draft port that helps in importing crude and exporting finished products for the refinery.

Investing in Essar Oil, which operates one of the world’s most complex refineries and runs India’s largest private sector retail network, gives the new stakeholders a strong foothold in the Indian market that will witness robust demand growth for petroleum products in the long term. The growth for refined petroleum products in the Indian market for the next five years is expected to be in the 5%-7% range.

About Essar Global Fund Ltd

Essar Global Fund Limited (EGFL) is a global investor, controlling a number of world-class assets, focused on India, and diversified across the core sectors of Oil & Gas, Steel, Power, Ports, Projects, Shipping, Mining, BPO and other services. The Fund’s portfolio companies have aggregated revenues of about Rs 2 lakh crore and employ over 60,000 people.

About Rosneft

Rosneft is the leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company. Company’s main activities include prospecting and exploration of hydrocarbon deposits, oil, gas and gas-condensate production, upstream offshore projects, processing, as well as oil, gas, and product marketing in Russia and abroad. The Company is included in the list of strategic companies and organizations of Russia. Company’s largest shareholder (69.50% of the equity) is ROSNEFTEGAZ OJSC, fully owned by the Russian Government, while BP holds 19.75% of shares, one share belongs to the state represented by Federal Agency for State Property Management, whereas the remaining shares are free floating.

About Trafigura

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including 48.8 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; 50 percent owned DT Group which specialises in logistics and trading; and Galena Asset Management. The Company is owned by over 600 of its almost 5,300 employees who work in offices in 37 countries around the world. Trafigura has achieved substantial growth over the last ten years, growing turnover from USD12 billion in 2003 to USD97.2 billion in 2015. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.


Origine : Communiqué Essar

Voir la fiche entreprise de "Essar"





Les dernières news de "Essar"

 
 
 
Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 



Europétrole © 2003 - 2024